Octodecanedioic acid Market Size, Share, Trends | Industry Report, 2018-2024

San Francisco, 22 April 2019 –  “Octadecanedioic Acid (ODDA) Market Analysis By Application (Polyester Polyols, Cosmetics, Powder Coatings, Lubricating Oils), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment Forecasts, [2018 – 2024]”

The global octadecanedioic acid (ODDA) market is anticipated to reach USD 9.4 million by 2024, according to a new report by Grand View Research, Inc. Growing demand for renewable chemicals used to derive high value intermediate & end-use products is expected to support market growth over the coming years.

Traditionally, dibasic or dicarboxylic acids were produced through chemical reactions such as multistep butadiene oxidation which used petrochemical as a raw material. Initiatives undertaken to reduce dependency on petrochemical feedstock led to the development of biotechnological production methods, namely, microbial fermentation and metathesis.

Further expansions & investments in the biotechnological field are anticipated to facilitate commercial scale production of C18 dibasic acid through microbial fermentation. Vegetable oil is used as feedstock while using the biotechnological processes.

U.S. octadecanedioic acid market revenue by application, 2014-2024 (USD Thousand)

Rising ODDA demand from soaps & detergents and organic personal care products is projected to augment market growth over the forecast period. Developing economies such as India, China, South Korea and Japan are slated to emerge as the key end-use markets. Growing application scope in personal care and plastics is expected to augment product demand over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/octadecanedioic-acid-odda-market

Further key findings from the report suggest:

  • Water repellant properties of C18 dicarboxylic acid has found extensive application in cosmetics
  • The application of octadecanedioic acid in coatings, adhesives, sealants, and elastomers (CASE) segment is projected to gain prominence across the world
  • Demand in the polyester polyols segment accounted for approximately 50% of the market volume in 2015
  • Advantages such as improved performance, reduced carbon footprint, and renewable content enable manufacturers to charge a “green premium” on products
  • Commercialization of biobased methods coupled with increasing demand for renewable sources in the lubricants and cosmetics market is anticipated to augment market demand
  • Lubricating oil is projected to occupy the second-largest share on account of increasing use of ODDA as thickener component in grease compositions
  • Rising awareness of ecofriendly products and increasing government initiatives supporting measures towards sustainable environment is expected to propel market demand
  • Volatile price of petrochemical derived products on account of supply-demand imbalances has prompted the shift towards biobased chemicals
  • Elevance Renewable Sciences Inc. has developed its own patented metathesis catalyst technology, which has fortified its hold in the market
  • Key market players include Elevance Renewable Sciences Inc., Croda International Plc., Cathay Industrial Biotech Ltd., TCI America, and BASF SE

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the octadecanedioic acid market on the basis of application and region:

OctadecanedioicAcid Application Outlook (Volume, Kilo Grams; Revenue, USD Thousand, 2014 – 2024)

  • Polyester polyols
  • Cosmetics
  • Powder coatings
  • Lubricating oil
  • Others

OctadecanedioicAcid Regional Outlook (Volume, Kilo Grams; Revenue, USD Thousand, 2014 – 2024)

  • North America
    • U.S.
  • Europe
    • Germany
    • France
  • Asia Pacific
    • Japan
  • Middle East and Africa
  • Latin America

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-octadecanedioic-acid-odda-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Bio-based Platform Chemicals Market Anticipated to Cross $22.75 Billion by 2025

The global bio-based platform chemicals market size is expected to reach USD 22.75 billion by 2025 expanding at a CAGR of 12.6%, according to a new report by Grand View Research, Inc. Growing polymer and bioplastics industry is projected to drive the product demand over the forecast period. Bio-based platform chemicals are gaining popularity over petroleum-based chemicals owing to rising environmental concerns. They are also likely to replace conventional chemicals used in various end-use industries, such as F&B, polymer, and pharmaceuticals.

Fluctuation in crude oil prices is also contributing to the product demand as it directly impacts the industrial production and costs incurred in such process. To avoid losses and the demand-supply conundrum of oil, market participants are shifting their preferences toward bio-based platform chemicals. Moreover, the advent of new fermentation techniques along with increasing production capacities is projected to fuel the product demand. Bio-derived organic acids, polymers, and alcohols are used in wide range of applications, such as surfactants, solvents, plasticizers, paints and coatings, lubricants, and binders.

Bio-based Platform Chemicals Market

Rising demand for these products and increasing usage of bio-based products are projected to foster the market growth further. Rapidly developing green chemistry market is expected to integrate the circular economy and bioeconomy in Europe, which is directed at improving the sustainability of resources. Increasing demand for green chemicals is anticipated to boost the bioeconomy of various regions through the generation of new jobs. However, supply chain issues coupled with price volatility of raw materials is expected to challenge the market growth.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/bio-based-platform-chemicals-market

Further key findings from the study suggest:

  • Succinic acid is projected to witness high demand over the forecast period. The lactic acid segment is expected to register a CAGR of 15.2% over the forecast period
  • Major companies in the global bio-based platform chemicals focus on joint ventures and partnerships for expanding product portfolio and manufacturing capacities
  • For instance, the joint venture between BP and E. I. du Pont de Nemours and Company, intended for bio-butanol production
  • Some of the key companies are Genomatica, Inc.; Gevo, Inc.; Rennovia, Inc.; DuPont Tate & Lyle Bio Products Company, LLC; Corbion N.V.; Amyris, Inc.; Avantium N.V.

Related Report of Renewable Energy:

Grand View Research has segmented the global bio-based platform chemicals market on the basis of product and region:

Bio-based Platform Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • Lactic Acid
  • Fumaric Acid
  • Malic Acid
  • 1,3-Propanediol (PDO)
  • Dodecanedioic Acid (DDDA)
  • Bio-based PE
  • 1,5-Pentanediamine
  • Polylactic Acid (PLA)
  • Glycerol
  • Aspartic Acid
  • Itaconic Acid
  • 2,5-Furandicarboxylic Acid
  • 1,3-Butanediol
  • 1,4-Butanediol
  • 3-Hydroxypropionic Acid (3-HP)
  • Polyhydroxyalkanoates (PHA)
  • Succinic Acid
  • Farnesene
  • Isobutanol
  • Glucaric Acid

Bio-based Platform Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Netherlands
    • Switzerland
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
  • Middle East & Africa

Access Press Release of This Research Report by Grand View Research:
www.grandviewresearch.com/press-release/global-bio-based-platform-chemicals-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Info: www.grandviewresearch.com

Algae Oil Market Revenue Analysis by Regions, Types and Manufacturers by 2025

San Francisco, 12 April 2019 –  “Algae Oil Market Analysis, By Grade (Fuel, Food, Feed), By Application (Biofuel, Dietary Supplement, F&B, Animal Feed), By Region (North America, Europe, Asia Pacific, South & Central America & MEA), And Segment Forecasts, [2018 – 2025]”

The global algae oil market is expected to reach USD $2.09 billion by 2025, according to a new report by Grand View Research, Inc. Rising algae oil use in biofuel applications such as biodiesel, jet fuel, aviation fuel, and gasoline, will augment growth over the next nine years.

The algae oil is being employed in food & beverage applications as a natural source of omega-3, fatty acids, antioxidants, and proteins. Rising demand from the food & beverage sector on account of its low fat content is expected to have positive impact on the market. Growing awareness about the naturally obtained supplements is expected to fuel its demand in the dietary supplement market which in turn will fuel the overall market growth.

Rising demand from the animal feed sector can be attributed to its higher nutritional content as compared to the grain feed. The algae production & harvesting requires comparatively lower amount of water & land as compared to the land crops grown for animal feed. These factors would cumulatively drive the market from 2015 to 2025.

Algae Oil Market

However, the higher price of algae oil than conventional oil may challenge the market growth over the forecast period. Apart from this, specific parameters required for the growth of algae, which imply a high production cost, results in increased product price. These factors may restrain the industry development over the forecast period.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/algae-oil-market

Further key findings from the report suggest:

  • The global market is expected to grow at a CAGR of 4.3% from 2016 to 2025 on account of increasing use in the biofuel application
  • Food & beverage as an application of the algae oil will witness fastest growth in terms of revenue at a CAGR of over 5.0% from 2016 to 2024 owing to its use as natural source of omega-3
  • North America market is expected to witness significant development and was estimated at over USD 465 million in 2015 on account of rising demand from the food and beverage sector
  • Key participants include TerraVia Holdings, Inc, Diversified Energy Corporation, Algix, LLC, and Cellana Inc. Key companies are focused on providing algae oil at affordable pricing structure to increase their global presence
  • In January 2017, TerraVia Holdings, Inc obtained approval for Whole Algal Protein ingredient for food use in Canada and this regulatory approval would enable the company to sell its various algae food products across North America.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the global algae oil market on the basis of grade, application and region:

Algae Oil Market, Grade Outlook (Volume, Gallons; Revenue, USD Million, 2014 – 2025)

  • Fuel Grade
  • Food Grade
  • Feed Grade

Algae Oil Market, Application Outlook (Volume, Gallons; Revenue, USD Million, 2014 – 2025)

  • Biofuel
  • Dietary Supplement
  • Food & Beverage
  • Animal Feed

Algae Oil Market, Regional Outlook (Volume, Gallons, Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
  • South & Central America
    • Brazil
  • Middle East and Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-nanomedicine-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Fatty Alcohols Market Analysis by Type, by Application and by End Use Till 2022

San Francisco, 28 March 2019 –  “Fatty Alcohols Market Analysis By Product (C6-C10, C11-C14, C15-C22), By Application (Soaps & Detergents, Personal Care, Lubricants, Amines) And Segment Forecasts To 2022”

Global fatty alcohols market is expected to reach USD 7.51 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government initiatives in a quest to minimize dependency on petrochemicals coupled with consumer shift towards organic personal care products is expected to drive global fatty alcohols market over the forecast period. Consistent supply of key raw material coupled with the price volatility is expected to a key challenge for market participants. Technological advancements coupled with increasing consumer preference for renewable chemicals are expected to create lucrative opportunities for market participants over the next seven years.

Soaps & detergents was the most dominant application segment and accounted for 54.6% of total market volume in 2014. Growing natural surfactants and emulsifiers demand in soaps & detergents industry is expected to fuel fatty alcohols demand in this segment over the forecast period. Personal care is expected to witness the highest growth of 4.6% from 2015 to 2022. Growing consumer preference towards organic personal care products is expected to increase penetration of fatty alcohols in this segment.

Global fatty alcohols market volume by product, 2012 – 2022 (Kilo Tons)

fatty-alcohols-market

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/fatty-alcohols-market

Further key findings from the study suggest:

  • Global fatty alcohols market demand was 2,345.8 kilo tons in 2014 and is expected to reach 3,263.2 kilo tons by 2022, growing at a CAGR of 4.3% from 2015 to 2022.
  • C11-C14 fatty alcohols were the largest product segment with a market share of over 55% in 2014. C11-C14 fatty alcohols are primarily used in the production of sodium laureth ether sulphate (SLES), a key foaming agent majorly used in body washes and shampoo formulations. Growth of personal care industry is expected to drive this product segment over the next seven years.
  • C15-C22 fatty alcohols are expected to witness the highest growth rate of 4.5% globally. Increasing penetration of C15-C22 fatty alcohols in lubricant bases & blending and personal care products such as moisturizers is expected to drive this segment over the forecast period.
  • Asia Pacific was the largest consumer as well as producer of fatty alcohols. The region accounted for 35% of global demand in 2014. Increasing downstream demand coupled with rising consumers disposable income is expected to foster the market growth in this region over the next few years. Asia Pacific is also expected to witness the highest growth of 4.9% from 2015 to 2022. Availability of key raw materials in abundance particularly in South East Asia is also expected to have a positive influence on the market growth.
  • Global fatty alcohols market is highly fragmented owing to presence of several small and medium scale companies operating particularly in Asia Pacific and Central & South America. Major companies operating in the global fatty alcohols market include Ecogreen Oleochemicals, Emery Oleochemcials, BASF, Kuala Lumpur Kepong (KLK), Oleon, Sasol, PT Muslim Mas and Kao Chemicals.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the fatty alcohols market on the basis of product, product, application and region:

Global Fatty Alcohols Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • C6-C10 Fatty Alcohols
  • C11-C14 Fatty Alcohols
  • C15-C22 Fatty Alcohols

Global Fatty Alcohols Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • Soaps & Detergents
  • Personal Care
  • Lubricants
  • Amines
  • Others

Global Fatty Alcohols Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Netherlands
    • Belgium
  • Asia Pacific
    • China
    • India
    • Japan
  • Central & South America
  • Middle East & Africa

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-fatty-alcohols-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Levulinic acid Market Classifications and Trends Over Forecast Report to 2020

Global levulinic acid market demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020. The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years.

Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage.

Levulinic acid market volume share by application, 2013

levulinic-acid-market

The global levulinic acid market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nylons and rubbers are expected to drive demand in the coming years. Increasing R&D expenditure, mainly to diminish production costs of levulinic acid to competitive levels is a critical factor for market players.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/levulinic-acid-market

Agriculture and pharmaceutical together accounted for over 66% of the overall volume in 2013. Demand for levulinic acid in the agricultural sector and its related applications is expected to grow at a CAGR of 6%, whereas the market is anticipated to grow at 5.4% CAGR from 2014 to 2020 in the pharmaceutical sector.

Apart from these applications, levulinic acid is also moderately used in the production of cigarettes to enhance delivery of nicotine in smoke, making it more receptive to neurons. Methyltetrahydrofuran (MTHF), a critical component of levulinic acid acts as a fuel additive. MTHF is commercially used in automotive segments as fuel extenders and is projected to have a potential demand of 20,000 kilo tons by 2020.

North America dominated the levulinic acid market contributing to more than 41% of the overall demand in 2013. Levulinic acid demand in the region is anticipated to be 1,598.3 tons by 2020, growing at a CAGR of 5.6% over the forecast period, owing to the presence of the prominent application players in the region.

Europe and Asia Pacific are emerging markets for levulinic acid. China, being one the major suppliers, manufactures, and sells the product at a relatively lower price to companies present in the U.S. and Europe which produce downstream products of the chemical. Europe, being the second largest consumer, accounted for 31% of the overall market volume in 2013.

Major market players include Segetis, Biofine, and DuPont. China has large an unorganized manufacturing base with major suppliers being Ouyi Pharmaceutical Co Ltd. and Shijiazhuang Pharmaceutical Group. Biofine has been one of the prominent manufacturers in the industry, with a key focus on MTHF and DALA applications.

Related Report of Renewable Chemicals:

Grand View Research has segmented the global levulinic acid market on the basis of application and region:

Levulinic Acid Application Outlook

  • Pharmaceuticals
  • Agriculture (Organic potassium fertililizer DALA, 2–Methylindole-3-acetic acid)
  • Food Additives
  • Cosmetics

Levulinic Acid Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Bio-based Levulinic Acid Potential Downstream Platform Outlook

  • Methyltetrahydrofuran (MTHF)
  • Delta aminolevulinic acid (DALA)
  • Diphenolic Acid
  • Others

Access Press Release of This Research Report by Grand View Research:
www.grandviewresearch.com/press-release/global-levulinic-acid-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Info: www.grandviewresearch.com

Bio Solvents Market Future To Reach $9.31 Billion By 2020 | Leading Players BASF SE., LyondellBasell

San Francisco, 19 December 2018 – ‘’ Bio Solvents Market Analysis By Product (Lactate Ester, Soy Methyl Ester Alcohol, Glycols) By Applications (Paints & Coatings, Adhesives & Sealants, Printing Inks) And Segment Forecasts To 2020

The Global Bio Solvents Market is expected to reach USD 9.31 billion by 2020, according to a new study by Grand View Research, Inc. Volatile petrochemical prices coupled with growing concerns regarding VOC presence in conventional solvents is expected to remain a key driving factor for global bio solvents market. Bio solvents have been gaining acceptance across key end-use industries and are expected to replace most of the conventional solvents on account of its biodegradability and toxic free properties. Increasing demand for green paints & coatings is expected to further complement the market growth. Increasing market penetration in pharmaceutical and cosmetic industries is also expected to have a positive influence on the market growth.

Bio Solvents Market

Lactate ester emerged as the leading product segment and accounted for 30% of total market volume in 2013. Increasing penetration of lactate esters in coatings, printing inks and industrial cleaning applications is expected to drive its demand over the forecast period. Growth of paints & coatings industry on account of increasing construction spending particularly in emerging markets of Asia Pacific and Latin America is expected to further drive its demand. Glycols are expected to be the fastest growing product segment at an estimated CAGR of 5.4% from 2014 to 2020. Positive outlook on global automotive industry is expected to fuel its demand over the next six years.

Browse Research Report On Bio Solvents Market :
www.grandviewresearch.com/industry-analysis/bio-solvents-market

Further key findings from the study suggest:

  • Global bio solvents demand was 2,505.0 kilo tons in 2013 and is expected to reach 3,569.6 kilo tons by 2020, growing at a CAGR of 5.2% from 2014 to 2020.
  • Paints & coatings emerged as the largest application segment and accounted for 44.2% of total market volume in 2013. Increasing construction spending in emerging markets of Brazil, China and India on account of increasing urbanization and industrialization rates is expected to remain a key driving factor for this segment.
  • Adhesives & sealants is expected to be the fastest growing application segment at an estimated CAGR of 5.3% from 2014 to 2020. Growing demand for bio-based adhesives & sealants from various end-use industries such as automotive, construction and packaging is expected to remain a key driving factor for this segment.
  • North America was the largest regional bio solvents market and accounted for 35% of total market volume in 2013. Favorable regulatory scenario coupled with increasing demand for sustainable chemicals particularly in developed economies of the U.S. and Canada is expected to drive the regional demand. Various initiatives taken by the U.S. government to improve public infrastructure is expected to drive paints & coatings and adhesives & sealants demand. This in turn is expected to have a positive impact on the regional bio solvents market.
  • Asia Pacific is expected to witness the highest growth rate over the forecast period. The region is expected to grow at an estimated CAGR of 5.5% from 2014 to 2020. Growth of major end-use industries particularly in China and India is expected to drive the regional market.
  • Global bio solvents market is highly concentrated with top four companies accounting for over 60% of the total market in 2013. Major companies operating in the global market include BASF, DuPont, The Dow Chemical Company, Cargill, AkzoNobel, LyondellBasell, Gevo, BioAmber, Hunstman Corp., Myriant, Florida Chemicals and Vertec Biosolvents.

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the bio solvents market on the basis of product, application and region:

Global Bio Solvents Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Lactate Ester
  • Soy Methyl Ester
  • Alcohol
  • Glycols
  • Others

Global Bio Solvents Applications Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Paints & Coatings
  • Adhesives & Sealants
  • Printing Inks
  • Others

Global Bio Solvents Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse Press Release of this Report:
www.grandviewresearch.com/press-release/global-bio-solvents-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

 

Levulinic Acid Market Size and Export, Import Analysis [2014 – 2020]

San Francisco, 4 December 2018 – According to a report published by Grand View Research, Inc.; the levulinic acid (LA) market is expected to reach a valuation of around USD19.65 million by 2022.

Growing product demand for manufacturing solvents, pesticides, pharmaceuticals, and cosmetics can propel the market over the forecast period (2012 to 2022). Additionally, increasing utilization of the product in niche applications such as nylons, rubbers, and plastics are projected to increase demand in the next few years.

Levulinic acid market volume share by application, 2013

Levulinic-acid-market

The LA is widely utilized as an alternative to its synthetic counterparts in various industrial applications. The chemical industry has been constantly emphasizing on the development of renewable bio-based products. Increasing development of novel technologies for manufacturing bio-based LA is likely to drive the market growth in the coming years. Several techniques such as dehydrative treatment of carbohydrates or biomass with acid, acid hydrolysis reaction of acetyl succinate esters, hydrolysis reaction of furfuryl alcohol, and oxidation reaction of ketones with ozone are widely used in the production of bio-based LA. In addition, the derivative called ketal esters obtained from the bio-based LA is also expected to replace all phthalate-based plasticizers. This is considered as one of the key factors that may increase the inclination of industries towards the use of green chemicals.

However, high price of raw material, which is required for producing bio-based LA is considered as major challenge for the market. Several raw materials such as biomass, brewery waste, manure and bagasse are required to produce bio-based LA.

The worldwide levulinic acid market can be segmented on the basis of applications and downstream potential platform. As per applications, the market can be categorized into pharmaceuticals, agriculture, food additives, and cosmetics.

Browse Research Report On Levulinic Acid Market :
www.grandviewresearch.com/industry-analysis/levulinic-acid-market

In 2013, the pharmaceutical and agriculture sector collectively accounted for over 66% of the overall volume. The Agriculture sector is posed to grow at a CAGR of 6% and pharmaceutical sector is likely to expand at a CAGR of 6% during 2014 to 2020. Apart from these applications, the product is broadly used in cigarettes to increase nicotine delivery in smoke and binding of nicotine to neural receptors.

Based on downstream potential platform, the market can be classified into delta aminolevulinic acid (DALA), diphenolic acid, methyltetrahydrofuran (MTHF), and others.

The Methyltetrahydrofuran (MTHF), acts as a fuel additive, therefor used as a fuel extender in automotive industry. This is expected to drive the segment growth in the coming years. The demand for MTHF is projected to have potential demand of 20000 kilo tons by 2020.

Geographically, the market can be divided into Asia Pacific, North America, Europe, and Rest of the World.

In 2013, North America dominated the market and accounted more than 41% of the overall demand. The region is anticipated to expand at a CAGR of 5.6% during the projected period due to presence of the leading manufacturers. The demand for the product in this region is estimated to be 1,598.3 tons by 2020. In 2012, Europe was the second largest market and accounted for 31% of the total market volume. Asia Pacific is an emerging market. China is considered as one of the major suppliers, manufacture, and seller of the product at a comparatively lower price in comparison with companies based in the U.S. and Europe. The U.S. and Europe based downstream companies generally source the product form Chinese suppliers at low prices for their corresponding applications.

Some of the leading companies working in the market include Segetis, DuPont, Biofine Technology LLC, and Shanghai Apple Flavor & Fragrance Co. Ltd.

Major manufacturers are mostly concentrating on research and development activities (R&D) to manufacture bio-based products at low price. But, to reduce production cost of LA at competitive levels is a critical factor for the manufacturers. For instance, recently, Biofine, Inc. has developed a technique for converting the waste cellulose from various sources such as municipal solid waste, paper mill sludge, waste wood, unrecyclable waste paper, and agricultural residues into LA. The LA obtained from waste cellulose could reduce the use of fossil fuels and the overall cost of manufacturing.s

View more reports of this category by Grand View Research at
www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the global levulinic acid market on the basis of application and region:

Levulinic Acid Application Outlook

  • Pharmaceuticals
  • Agriculture (Organic potassium fertililizer DALA, 2–Methylindole-3-acetic acid)
  • Food Additives
  • Cosmetics

Levulinic Acid Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Bio-based Levulinic Acid Potential Downstream Platform Outlook

  • Methyltetrahydrofuran (MTHF)
  • Delta aminolevulinic acid (DALA)
  • Diphenolic Acid
  • Others

Browse Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-levulinic-acid-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com